California’s anti-deficiency laws are codified in Code of Civil Procedure sections 580a through 580e and 726. These statutes prohibit a lender from obtaining a deficiency judgment from a borrower following a nonjudicial foreclosure of real property. The anti-deficiency statutes’ protections generally do not extend to guarantors, however, and a lender may recover a deficiency judgment […]
Anti-Deficiency and the Sham Guaranty Defense Read More »
